1998 News Story

Saudi Stock Market continues to flourish

The Saudi stock market continued its positive performance for this week, with the NCFEI  index registering 176.87 points on Thursday, April 30, up by 2.2 percent from the previous week's closing.  Trading volume reached SR 3.03 billion (U.S. $ 0.81 billion), up 28 percent from the previous week, with Riyadh Bank dominating 27 percent of it.  The stock prices of 20 companies were up, 23 were down, 15 did not change and 12 did not trade.  The highest gainers were SCRECO and NSCSA, up by 9.2 percent and 8.8 percent respectively.